Laxmi Laghubitta Bittiya Sanstha Limited Bhanjayangpokhari, Dhading

+977016227118

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Credit Services

Laxmi Laghubitta Bittiya Sanstha Limited currently offers following loan products:

Income Generating (IG) Loan: After completion of the compulsory group training (CGT) and group recognition test (GRT) clients are eligible to take IG Loan. Clients choose their project as per their own knowledge about any kind of IGA, and can submit loan application at the center. The maximum Loan amount per client is NPR 100,000 and available at 20% interest rate charged on declining basis.

Social/Consumption Loans (SC): Beside the Income generating Loan (IG Loan) the LLBS try to satisfy the Social and Consumption need of the clients by providing Social/consumption loans. The maximum amount for this Loan is NPR 20,000 and provided at 20% interest rate for maximum period of 18 months.

Group-based Micro-enterprise Loan (GME): This loan product is designed to satisfy credit need of micro-entrepreneurs. It is provided to graduated clients from the groups. The maximum loan amount of this loan is Rs. 300,000 and is provided for maximum 3 years period at the rate of 18% per annum. Project viability, client's integrity and the physical collateral are the basis to provide this loan.

Individual Micro-enterprise Individual (IME) Loan: LLBS provides IME loan to the missing middle or poor clients who do not wish to join groups for various reasons. The maximum loan amount of this loan is Rs. 90,000 and is provided for maximum 3 years period at the interest rate of 18% per annum. Project viability, client's integrity and the physical collateral are the basis to provide this loan. The physical collateral will be required to avail this loan

Alternative Energy (AE) Loan: Group Based clients and other individulas willing to establish/install alternative energy system are target clients of this loan product. The finance is vailable to establishment/installation of Biogas Plant, Home solar system, water turbine, water mill (Pani Ghatta) and other energy producing systems.The maximum loan limit is Rs. 30,000 for without collateral and Rs. 60,000 for colateralized loans. The interest rate charged for this loan product is 16% p.a.

Seasonal Agricultural (SA) Loan: This loan product is available to group based clients to finance inputs for seasonal agricultural production like Purchase of seeds, fertilizer, insecticides and pesticides. The loan is also be available for purchase and sale of agricultural products. Maximum limit for this loan is Rs. 30,000 and provided at 20% interest rate per annum.

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Saving Services

The institution offers two type of saving products to its member clients. The saving products currently available are: (A) Compulsory Savings and (B) Samriddhi Savings

Compulsory Savings (CS): This is mandatory Savings and is linked with loan disbursement. The clients are required to deposit 4% of their loan disbursement in this account. This product is designed to encourage saving habits of clients as well as to provide safety net for both LLSB and client. Clients earn 8% interest on these savings. The clients can withdraw the amount from this saving as and when required keeping at-least 10% of loan outstanding or Rs. 500.00 whichever is higher.

Samriddhi Savings (SS): This is the voluntary saving product offered to all its clients. A client can open his/her account with a minimum of Rs.10.00. Clients earn 8% interest on this saving. S/he can deposit in this account when he or she has surplus and withdraw from this account as per his/her needs.

Sunaulo Bhabisya Bachat Khata (Recurring Saving Account): The members of LLBS can open recurring saving account for the period of 3 years or 5 years. Recurring savers are required to deposit Rs. 100 or multiple of 100 per month for agreed period. The maximum amount that can be deposited monthly by a client is Rs. 1000.


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Remittance Service

The bank provides this service through collaboration with established banks, financial institutions and Remittance Companies. However, the institution plans to develop its own system to provide this service in the future


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Microinsurance Service

The financial service that is gaining increased attention is a category of products that address clients' needs for risk management. The low-income households are highly vulnerable to economic shocks caused by events such as death of family member, illness, destruction of valuable asset, or a disabling injury. LLBS recognize this new financial service and provides micro-insurance service by partnering with established and reputed insurance company of Nepal. It is expected that micro-insurance can respond to households' need to reduce their vulnerability, while at the same time improving the results of their existing credit and savings portfolios. The clients are offered term life insurance and livestock insurance services linking them with insurance companies.